Schulich MF Viewbook 2024

MF

2024 MASTERS PROGRAMS

MASTER OF FINANCE

Experience the Schulich Advantage

Prepare to Lead with a Schulich Masters Degree “As the world transitions to an increasingly digital economy, careers in the banking and financial sector will continue to grow.

Schulich’s Master of Finance degree will open the door to a wide range of career paths in this challenging and fast-paced industry.

Our program will give you real-world training and help you hone your analytical abilities and financial decision-making skills.”

Detlev Zwick, PhD Dean, Tanna H. Schulich Chair in Digital Marketing Strategy, Schulich School of Business

On the cover: Juhi Maru (MF ’22), Portfolio Analyst, Scotia Wealth Management View our alumni stories: schulich.yorku.ca/alumni-stories B

What’s Inside A Vibrant Graduate Journey Awaits

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Discover the Master of Finance

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Your Student Experience

6

Sustainability

8

Admission Requirements

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Feel at Home in Toronto

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International Student Support

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Financial Aid for Your Future Investment

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Tuition Fees and Cost of Living

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Career Development and Your Success

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Schulich Global Alumni Network

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Canada’s Top-Ranked Business School Schulich MBA: #1 IN CANADA (Economist) TOP 30 MOST POPULAR MBA Program in the World (mba.com) TOP 30 IN THE WORLD for careers in Finance, Technology & Information Management (QS TopMBA) Kellogg-Schulich Executive MBA: #1 IN CANADA (Financial Times, QS TopMBA) #9 IN THE WORLD (QS TopMBA Joint Programmes) Ranking results as of August 2023

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A Vibrant Graduate Journey Awaits The Master of Finance (MF) class represents a mix of students from different industries and academic backgrounds. Schulich offers a wealth of possibilities for personal growth, development, and engagement with students from diverse perspectives and countries through a variety of experiential learning opportunities.

We have one of the most global student bodies of any business school in North America, with international students from over 45 countries.

55%

of students are international

45+

countries represented in our student body

65%

of Schulich’s award winning faculty is international

35+

languages spoken

by Schulich faculty

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Benefit from the Research and Professional Seminar Series Students participate in the program’s unique Research and Professional Seminar Series, which provide exclusive opportunities to engage with leading scholars and industry experts.

Participate in Case Competitions Strengthen your presentation skills and master the case method with opportunities to compete in events such as the CFA Ethics Challenge, the National Investment Banking Challenge, and the Women in Capital Markets Case Competition.

“ The Master of Finance program has strengthened my financial acumen. It helped me to develop technical and soft skills that I employ regularly in my current job. Additionally, the award-winning faculty, alumni, classmates and Professional & Research seminars helped me in making life-changing connections.”

Harsh Doshi (MF ’21) Audit Manager, Scotiabank View our alumni stories: schulich.yorku.ca/alumni-stories

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Discover the Master of Finance The 12-month Master of Finance grows your analytical, technical and decision-making skills, preparing you for an exciting career in finance.

Research and professional seminars enhance the core curriculum and support your personal, academic, and professional development.

Get Ready for the Fast-Paced World of Finance FULL-TIME MF

Start Date

Program Length

September

12 months

What to Expect This intensive program places a strong emphasis on real-world application and on technical communication and decision making skills. The curriculum provides specialized knowledge on both the buy and the sell side of capital markets, whether in investment banking, risk management, or asset management. Critical topics in governance, ethics, and the legal aspects of finance are also embedded in your studies, preparing you to understand the important contextual dynamics of the industry. The Schulich MF allows you to chart a course in finance that aligns with your career goals, offering streams in Capital Markets and Financial Risk Management.

Program Partnerships The Schulich MF is a program partner of the Chartered Financial Analysts (CFA) Institute, the global industry standard for finance professionals. Throughout the course of your studies, you will be well-equipped to successfully challenge all three levels of the CFA. You will also enjoy access to specialized online Level 1, 2, and 3 sample exams, scholarships, the Financial Newsbrief, (a daily investment newsletter), and other CFA publications.

The Schulich MF is also a program partner of the Financial Risk Manager (FRM) designation offered by the Global Association of Risk Professionals (GARP). The MF curriculum covers at least 70% of the FRM’s level one exam, preparing you for two levels of the FRM exams after completing the degree.

As a MF student, you are entitled to access GARP online resources free of charge. Students are also eligible to apply for GARP’s scholarships and fellowship and invited to join GARP’s networking events.

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“ The Master of Finance degree is a “must-have” degree for people pursuing a career in asset management, capital markets, and risk management. It not only provides the intensive industry grounding, but also offers curriculum for the accelerated CFA and FRM pathway to launch a successful career in the modern financial industry.”

Professor Melanie Cao BSc (HUST, China); MA (HUST, China); MBA (Ottawa); PhD (UofT) Program Director, Master of Finance; Professor of Finance View Professor Cao’s video: schulich.yorku.ca/melanie-cao

TO APPLY ONLINE scan the QR code or visit: schulich.yorku.ca/mf

Typical MF Program Course Structure* FULL-TIME STUDY

GRADUATION: OCTOBER 2025

TERM 2: WINTER January 2025

TERM 3: SUMMER May 2025

PREP COURSE: SUMMER August 2024

TERM 1: FALL September 2024 Common courses:

Common courses:

Common courses:

Online course in:

• Intermediate Financial Accounting for Finance Majors

• Options, Futures and Other Derivative Securities

• Fintech: Digital Transformation of Financial Services

• Capital Markets

• Applications of Data Science in Finance

• Research Seminar Series**

• Corporate Financial Analysis

• Professional Seminar Series**

• Corporate Governance and Securities Law

• Financial Management and Valuation

Stream courses:

• Institutional Wealth Management

Capital Markets Stream:

• Research Seminar Series**

• Fixed Income Securities

• Professional Seminar Series**

• Venture Capital and Private Equity

• Investment Banking

• Ethical Decision Making for Finance Professionals Stream courses: Capital Markets Stream:

Financial Risk Management Stream:

• Analysis of Structured Products Using Excel

• Fixed Income Securities

• Financial Risk Management

• Stochastic Calculus in Finance • Machine Learning in Finance

Financial Risk Management Stream: • Advanced Derivative Securities • Enterprise-wide Financial Risk Management

Research Seminar Series

CAREER TRACK

Alumni panel & reception Introduction to the Centre for Career Design

Recruiting by major financial institutions

Just-in-time recruiting

Career coaching, networking events, alumni mentorship Planning your Career in Capital Markets

Day on Bay and Asset Management Mixer

Professional Seminar Series * Course requirements and sequencing are subject to change. ** Compulsory non-credit.

CAREER READY!

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Your Student Experience Goes Beyond the Classroom Build lasting memories as part of an engaged and impressive student community.

Develop your strengths, skills, and interests with a host of exciting co-curricular activities.

Collaborate with a supportive student network to examine and share diverse perspectives on complex academic topics during study sessions, case studies, and peer learning.

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You Belong Right Here Schulich’s student community fosters platforms for empowerment, representation, and belonging.

Cultivate leadership skills and celebrate a rich culture of diversity by participating in student-led clubs such as the Black Graduate Business Network and Women in Leadership.

The Graduate Business Council (GBC)

Choose from over

30

student-run clubs and organizations From investment banking to sustainable enterprise to the Schulich Financial Association, you’ll have the ability to pursue a broad spectrum of interests alongside your studies.

The GBC is the representative student body for all Schulich graduate degree programs.

The GBC hosts events including getaway weekends, an annual Graduate Formal, and social nights.

Aside from social and athletic activities, the GBC serves as the student body’s voice to the faculty and administration.

Engage with Our Community @SchulichSchool | #SchulichMF

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Where Learning Innovation Meets Sustainability Schulich is a thought leader in the field of Business and Sustainability and one of the world’s top-ranked business schools in sustainability research. We pride ourselves on graduating future business leaders that are committed to creating a better, more sustainable world.

Our Rob and Cheryl McEwen Graduate Study & Research Building has received the LEED (Leadership in Environmental Energy and Design) Gold Certification.

27m natural ventilation system driven by the glass solar chimney

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Energy use intensity

71.4% BELOW THE MODEL NATIONAL ENERGY CODE OF CANADA

840 m2 of planted green roof area

RAINWATER RECAPTURE SYSTEM for green roof irrigation

7,500 m2 of new landscaped open area, including 3,800 m2 of planted green space

Students benefit from a variety of unique spaces to study, work and connect, including a graduate lounge, private group meeting rooms equipped with flatscreen monitors, research labs, and a media production centre.

Steps to the Subway The subway station is steps away from Schulich’s Seymour Schulich Building. Access the city’s vibrant downtown core in just 30 minutes.

FOR A VIRTUAL TOUR of the McEwen building, scan the QR code or visit: schulich.yorku.ca/mcewen-virtual-tour

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Admission Requirements: Find Your Fit Pursuing a business degree is an important decision. At Schulich, we support you with an application experience that leaves you feeling informed and empowered. We take a holistic approach during the application review process and all components of the application are thoroughly evaluated.

CONNECT WITH OUR ADMISSIONS TEAM Scan the QR code or visit: schulich.yorku.ca/grad-inquiry

Cole Winston (MF ’19) Associate, STIR Trading, Scotiabank View our alumni stories: schulich.yorku.ca/alumni-stories 10

ADMISSION REQUIREMENTS – MASTER OF FINANCE (MF) GPA

An undergraduate degree from a recognized post-secondary institution with a minimum B+ average in the last two full years (or equivalent) of academic work.

PREREQUISITE COURSES IN HONOURS PROGRAM

Candidates must possess a strong quantitative background1

GMAT/GRE

GMAT, GMAT Focus or GRE (the GMAT/GMAT Focus/GRE online exam is acceptable).

Waived for holders of CFA Level 1 or higher and candidates who have completed FRM Part I or higher.

ESSAYS

2 video, 2 written, 1 timed written

REFERENCE LETTERS

2 reference letters2

WORK EXPERIENCE

Recommended but not required3

LANGUAGE PROFICIENCY

Applicants must produce proof of language proficiency in one of the three ways listed: • Proof of study completed in English: 2 years minimum (must be full-time study) at an accredited university in a country (or institution) where English is the official language of instruction.

• IELTS (academic test): 7.0 (minimum 6.5 on each dimension). The IELTS online Academic Test is acceptable.

• TOEFL: 100 (minimum 23 on each dimension). The TOEFL iBT Special Home Edition test is acceptable.

ADMISSIONS DEADLINES

September 2024 Entry Round 1: October 11, 2023 Round 2*: January 17, 2024 Round 3: March 27, 2024 Round 4**: June 12, 2024 * International students are strongly encouraged to apply by Round 2 to allow for sufficient study permit processing time. ** Late applications may be accepted pending space availability.

Applicants with undergraduate degrees from recognized institutions in technical disciplines such as mathematics, science, engineering, or economics, would automatically meet this requirement. Applicants may also demonstrate the required level of quantitative skills via the completion of at least two three-credit courses at recognized institutions from these fields: calculus, statistics, economics, linear algebra, probability theory or other quantitative courses.

2 One academic reference is recommended.

3 For applicants holding a 3-year degree, one year of full-time, post-graduate work experience is required.

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OUR RECRUITMENT TEAM IS HERE FOR YOU! • Meet one-on-one for a coffee chat • Attend one of our open houses offered during the year – Experience Schulich Virtual Open House – Experience Schulich In-Person Open House • Visit us at one of the 100+ local and global events we join annually • Drop-in virtually for Q&A, student panels, and application tip info sessions

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Feel at Home in Toronto Study in one of the most diverse cities in the world and take advantage of all that Toronto has to offer.

Access the vibrant downtown core in just 30 minutes by subway.

Enjoy restaurants, theatres, and distinct neighbourhoods – there’s so much to explore in Toronto.

Most tech talent growth CRBE, 2022

3

rd

largest tech sector in North America New York Times, 2022

51%

of Toronto’s population was born outside of Canada

#1 city for career women Toronto ranking, Bloomberg, 2021

Over 180 languages and major dialects spoken in Toronto Safest city in Canada, 2nd safest city in the World Economist Intelligence Unit, 2021

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Our International Relations Team is Here to Support You Schulich provides in-house programs, services, and immigration support to help international students navigate the transition to Canada and plan for the future.

English Language Peer Support (ELPS) Need assistance with your written or verbal English language skills?

Our ELPS program provides free one-on-one online support for both writing assignments and verbal presentations. We will help you build confidence in your English language skills.

INTERNATIONAL BENEFITS

• Study permit and pre-arrival webinars • Mentorship program • English language peer support • New to Canada orientation • Immigration information sessions • 1:1 international student advising • Social events

Plan Your Life, Post-Degree in Canada For more information scan the QR code or visit: schulich.yorku.ca/internationalstudent-services

A Schulich masters degree gives you the option of launching a career internationally, or the opportunity to work in Canada after graduation.

Upon completing your degree, you can explore Canada’s advantageous immigration pathways available to assist you in building your ideal career.

Attend information sessions to learn more about relevant work permits and permanent residence options, or book individualized advising sessions with Schulich’s International Student Support Specialist.

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Financial Aid for Your Future Investment We welcome the opportunity to discuss ways to finance your education and the return on investment our programs offer.

Visit: schulich.yorku.ca/financial-aid.

LINE OF CREDIT FOR DOMESTIC STUDENTS*

Visit schulich.yorku.ca/financial-aid/loans for a list of partnered banks and preferred rates for domestic students in professional programs.

MF SCHOLARSHIPS

*Please contact the bank to get the maximum loan amount and to confirm the interest rate for your program of choice.

Scotiabank Global Scholars Award – Canada Value: $15,000 | Available: 1

LOANS FOR INTERNATIONAL STUDENTS

To learn more about funding opportunities for international students, please visit: schulich.yorku.ca/financial-aid/loans.

Partnerships with:

The Scotiabank Global Scholars Award – Canada is offered to a domestic student who is entering into a full-time Masters program at the Schulich School of Business.

Recipients must have a minimum GPA of 6.0 or B+ and must demonstrate financial need.

Sonja I. Bata Legacy Award Value: $10,000 | Available: 1

“ At the Schulich School of Business, student success is one of our top priorities. Understanding that pursuing a business degree is never easy, we are dedicated to supporting our students in their academic journey through a wide range of scholarships, awards, and bursaries that not only promote diversity and inclusivity, but also to help ensure that a lack of financial resources is never a barrier for current and future Schulich students.”

Doris Mak Assistant Director, Admissions & Financial Aid

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Thanks to the generosity of the late Sonja I. Bata, the Sonja I. Bata Legacy Award will support an incoming Masters student who demonstrates academic excellence and exceptional leadership potential in either social entrepreneurship or responsible business. The recipient will be well-rounded and bring great experience in collaborating with teams from diverse backgrounds and with different mindsets.

For additional scholarship information please refer to the Schulich Awards publication at: schulich.yorku.ca/financialawards.

Tuition Fees and Cost of Living Figures are based on the currently approved fee framework. Fees listed below include tuition and supplementary fees. For full details on all current tuition, supplementary fees, and student health plans, visit the York Student Financial Services website: https://sfs.yorku.ca/fees. Fees are subject to change.

DOMESTIC STUDENTS

INTERNATIONAL STUDENTS

Canadian Citizen or Permanent Resident

Visa/Study Permit

TUITION PER TERM

$ 18,023*

$ 29,446*

ESTIMATED PROGRAM TOTAL**

$ 54,050

$ 88,350

All fees are in Canadian dollars (CAD)

MF

* The full-time MF requires three terms of study to complete. ** Estimated Program Total is calculated by multiplying current tuition fees by the average number of terms required to complete the program.

Estimates are rounded to the nearest $50 CAD. Subject to change. Tuition and fees reassessed annually.

LIVING EXPENSES IN TORONTO 1 (1 Term = 4 months) Books /Course Materials

$

750

Rent (on campus) 2

$

5,000

Food

$

1,500

Personal Expenses

$

3,000

Health Insurance: UHIP (international students only) 3 GSA 3

$ $

252 125

APPROXIMATE COST PER TERM

$

10,627 4

1 Figures are approximations and intended only as a budget guide for students studying full-time. Costs are listed in Canadian dollars.

2 On-campus housing varies in price from $1,096 – $1,979 per month depending on the location and options. For more information on housing on campus, please visit yorku.ca/housing. On-campus housing is available on a first come, first served basis. Students who are seeking accommodation on campus are strongly encouraged to submit their housing application after accepting their offer of admission.

3 Participation in the University Health Insurance Plan (UHIP) is mandatory only for international students (and their accompanying dependents) while in Toronto. The Graduate Student Association (GSA) plan is for dental and drug coverage (mandatory for all domestic and international full-time students unless student has alternative coverage). Cost shown is based on the plan rate for a single individual. Coverage for spouse/ family is available. Health/Drug/Dental plan rates are subject to change.

4 Subtract UHIP cost for domestic student total.

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Career Development to Shape Your Success The Centre for Career Design (CCD) empowers students for lifelong career success and self-reliance with advice, tools, and training.

MF Student Success Report CLASS OF 2022 EMPLOYMENT AT A GLANCE*

86%

CLASS OF 2022 DEMOGRAPHICS AT A GLANCE Student Demographics

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Average Age

of students were hired within 6 months of graduation**

15

Number of firms that hired Schulich MF students

Years of Work Experience

0–5

Male Students

62%

Female Students

38%

Prior Degrees

$86,498

Arts

11%

Business

81%

Average starting salary

Other

8%

* 79% of stud nts participated in the survey. **As per MBACSEA Guidelines.

OUR TEAM CAN HELP YOU:

• Identify strengths • Determine career objectives • Develop and implement career plans • Hone skills for career management • Apply for jobs • Prepare for interview and salary negotiations Corporate Recruitment Events Connect with leading organizations such as Purolator, P&G, Kraft Heinz, PepsiCo, and Amazon to learn about career opportunities.

MF Advising Program Our customized industry advising program is designed to help you navigate a career in Finance.

Enjoy 1-on-1 training, advice from industry leaders, and the opportunity to network with alumni and hiring managers.

SELECT FIRMS

SAMPLE ROLES

INDUSTRY COVERAGE

CI Financial

Analyst, Investment Performance & Analytics

Accounting

Deloitte HSBC

Audit Manager

Real Estate

Manulife

Credit Risk Analyst

Venture Capital

National Bank

Financial Analyst

Raymond James

Investment Portfolio Analyst

RBC

Risk Manager, Counterparty Risk

TD

Senior Analyst, Audit

Access to Job Opportunities

Supply Chain & Operations Analyst

Enjoy exclusive access to job opportunities posted on our career platform, Handshake.

Financial Services

Career Workshops

For more information, visit: schulich.yorku.ca/ccd

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Benefit from skill-enhancing workshops aimed at making you career-ready like resume and cover letter writing, managing your online presence, and mastering the interview.

Gain Access to the Schulich Global Alumni Network When you graduate from Schulich, you become part of one of the largest business alumni networks in Canada.

UPON GRADUATION, JOIN A GLOBAL NETWORK OF OVER

35,000 active alumni in

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Enjoy exclusive access to Schulich’s Alumni Hub, which includes

90+ global alumni chapters in over 60 countries

countries

Participate in the Schulich Alumni Mentorship Program As a student you can engage with alumni at events and conferences to gain key insights into the industries and careers that you’re passionate about.

Specialized alumni chapter, Schulich Finance Alumni Association (SFAA) The association aims to build a community of Schulich alumni interested in finance to provide networking, experiential learning, and career development activities.

“Your program here at Schulich is just the beginning! Our Global Alumni Network is a tremendous asset -opening up connections, knowledge sharing, and opportunities that extend far beyond graduation.”

Pamela Laycock (MBA ’89) President, Schulich Global Alumni Network 17

Learn more about the Schulich Advantage NEXT STEPS • Visit us online: schulich.yorku.ca • Join us for an event or information session.

Register at: schulich.yorku.ca/events • Connect with our Admissions Team at: schulich.yorku.ca/grad-inquiry

Additional specialized Masters programs offered at Schulich

MAcc

MMgt

MBAN

MMKG

MHIA

MREI

MMAI

MSCM

Master of Accounting

Master of Business Analytics

Master of Health Industry Administration

Master of Management in Artificial Intelligence

Master of Management

Master of Marketing

Master of Real Estate & Infrastructure

Master of Supply Chain Management

Driving Positive Change schulich.yorku.ca

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